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Sridhar Ramaswamy, Google's chief commercial officer, leaves the company after more than 15 years and will join Greylock Partners, internal sources at the company and Google confirmed. Ramaswamy will become a risk partner at Greylock Partners . At Google, his position will be occupied by Prabhakar Raghavan, who was previously the company's vice president of applications for Google Cloud.
At Google, Ramaswamy has overseen almost all of Google's products for ads and commerce, which is essentially everything outside the Google Cloud, which makes the company's core business his money. Ramaswamy joined Google as an engineer, but quickly rose through the ranks of the company. He resumed his current position in 2014 after Susan Wojcicki moved to YouTube.
In Greylock, Ramaswamy will focus on early stage business projects.
Prabhakar Raghavan, vice president of engineering and products at Google Inc., speaks at the company's Cloud Next '18 event in San Francisco, California, USA on Tuesday, July 24, 2018.
Google's advertising revenue still accounts for 84% of Alphabet's total revenue. In the last quarter, Google's advertising revenue was more than $ 28 billion. Annual revenues for 2017 exceeded $ 110 billion. It's no secret, however, that Google has struggled to develop a stronger business, with projects like Google Express, which are relatively stable, as their competitors continue to grow.
Raghavan, who will take his place, joined Google in 2012 after seven years as executive vice president and head of Yahoo Labs, which he founded. Like Ramaswamy before him, Raghavan will focus on products, while Philipp Schindler will continue to play the role of Google's Chief Business Officer, working side by side with Raghavan.
Prior to Yahoo, Raghavan was Verity's chief technology officer and worked at IBM Research. He is also the author of two computer manuals.
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